510 Dorman StBelmontNC28012
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Belmont at 510 Dorman St, Belmont, NC, 28012 priced at $335,000 converts $2,213/mo rent into $171/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,213/mo, and annual cash flow totals $2,052/yr on $111,053 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 7.93% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 112.61% and total cumulative return in cash sums $125,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,213/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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